Buying a home is an exciting process in which choosing the right loan is as important as choosing the right home. There are a few factors to be considered before buying a home and starting the mortgage application process. There are certain steps that you may take to make your mortgage application look stronger and get the desired loan terms. Lenders carry out a comprehensive process in determining your loan eligibility and affordability based on your income, credit history,

What is a credit Score? A credit score consists of three digits and they typically range from 300 - 850. This helps as an estimate of how likely are you able to repay your debt, how likely are you to pay your bills on time, credit risk, etc... The score is calculated from the transactions of your credit accounts. These transactional data are collected by the Credit Reporting agencies, which are also called as Credit Bureaus. The 3 major Credit Bureaus are Experian, TransUnion